[Pops]

actually I'm not all that concerned with the trust fund, tweaking it here and there should keep it going fine.
I'm much more worried about privatizing both SocSec and Medicare

[vtsnowedin]

$this->bbcode_second_pass_quote('Pops', 'a')ctually I'm not all that concerned with the trust fund, tweaking it here and there should keep it going fine.
I'm much more worried about privatizing both SocSec and Medicare

[Pops]

yeah I'm likely on the cusp at 59

[Cog]

If I recall correctly they were looking back to age 55 to make the change to a private system. Over 55 and you were good to go. Below that and you are sort of phased into a new system.

I'm doubtful any change will be made to all of this. The younger workers have to keep contributing to it to pay the existing claimants. I don't see how to change that without immediately bankrupting the system.

[Newfie]

A good run of antibiotic resistant drug will wipe out many old times. That would help.

Ss is a big deal. I made a pretty good salary and draw near the max. It's like having over a million in the bank drawing interest.

[vtsnowedin]

$this->bbcode_second_pass_quote('Newfie', 'A') good run of antibiotic resistant drugdisease will wipe out many old timers. That would help.

[Shaved Monkey]

$this->bbcode_second_pass_quote('vtsnowedin', '')$this->bbcode_second_pass_quote('Shaved Monkey', 'I')ts a different system in Australia.
You have a private superannuation your employer put 9% in and you put what ever you want in at 15% tax in
All that is 0% tax out.
You can start getting it at about 60 depending on when you were born but can draw it earlier if you need it for some reason.(unemployment illness emergency etc.)
Then your government pension kicks in at 65 or upto 67 depending on when you were born.(conservatives want to make it upto 70 but hopefully it wont pass the senate)
You can get both so you never run out of money worst case you will have just the government one
Which my dad is on nearly $400 AUD a week for a single or its $300 a week for each couple.
He saves money on his.
My wifes sister has private and government
She gets about $750 a week and goes on 2 cruises a year.
She was a secretary and had about $180 g in super on retirement

Plus everyone gets free medical and cheap drugs

My wife and I will have both private and government

So much love for socialism its much greater than what Trump is visualising

[Plantagenet]

$this->bbcode_second_pass_quote('Pops', 'a')ctually I'm not all that concerned with the trust fund, tweaking it here and there should keep it going fine.

[vtsnowedin]

$this->bbcode_second_pass_quote('Plantagenet', '
')
There is no social security trust fund.

.........


If there was a social security trust fund it would be completely exhausted in about 17 years. But in reality there is no social security trust fund.

[Pops]

$this->bbcode_second_pass_quote('Plantagenet', '?')???

There is no social security trust fund.

[Cog]

Or just eliminate social security. No deficits at all. See how easy that was?

[Newfie]

Let's keep our SS comments here.

I'm drawing Railroad Retirement, which I think was the model for SS. When set up it was with a solid working base to support it and didn't have all the other mandates.

SS has been expanded into trouble because the government needed a way to pay for citizens in trouble.

There is no doubt our social network is a hodge podge of patches on the life raft. Nothing you would want to rely upon, but we all do.

[Cog]

$this->bbcode_second_pass_quote('Newfie', 'L')et's keep our SS comments here.

I'm drawing Railroad Retirement, which I think was the model for SS. When set up it was with a solid working base to support it and didn't have all the other mandates.

SS has been expanded into trouble because the government needed a way to pay for citizens in trouble.

There is no doubt our social network is a hodge podge of patches on the life raft. Nothing you would want to rely upon, but we all do.

[Plantagenet]

$this->bbcode_second_pass_quote('Pops', '
')$this->bbcode_second_pass_quote('Plantagenet', '
')There is no social security trust fund.

[Pops]

not sure what you are arguing, except to argue
the Trust Fund loaned the gov the cash, just like bond holders loaned the gov cash.

So say there is no trust fund is simply wrong, it's cash invested in gov just like all who hold gov paper
if holding gov paper is that worrisome, so sec is the least of it

[yellowcanoe]

$this->bbcode_second_pass_quote('Plantagenet', '
')
Obama didn't fix that problem during his 8 years in office, so its probably going require a fix during the Trump administration.

Cheers!

[Plantagenet]

$this->bbcode_second_pass_quote('yellowcanoe', '')$this->bbcode_second_pass_quote('Plantagenet', '
')
Obama didn't fix that problem during his 8 years in office, so its probably going require a fix during the Trump administration.

Cheers!

[yellowcanoe]

$this->bbcode_second_pass_quote('Pops', 'n')ot sure what you are arguing, except to argue
the Trust Fund loaned the gov the cash, just like bond holders loaned the gov cash.

So say there is no trust fund is simply wrong, it's cash invested in gov just like all who hold gov paper
if holding gov paper is that worrisome, so sec is the least of it

[Pops]

$this->bbcode_second_pass_quote('yellowcanoe', 'S')orry, I can't agree with you. Since the trust fund doesn't contain any real assets it is a complete illusion.

[Newfie]

All fiat money is illusion, expressions of trust.